Merriman Wealth Management LLC Acquires 45,035 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Merriman Wealth Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,200.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,787 shares of the e-commerce giant’s stock after acquiring an additional 45,035 shares during the period. Amazon.com makes up 0.4% of Merriman Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Merriman Wealth Management LLC’s holdings in Amazon.com were worth $5,182,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Peoples Bank OH lifted its stake in shares of Amazon.com by 1,864.0% in the second quarter. Peoples Bank OH now owns 9,820 shares of the e-commerce giant’s stock worth $1,042,000 after buying an additional 9,320 shares in the last quarter. Blue Barn Wealth LLC lifted its stake in shares of Amazon.com by 2,538.5% in the second quarter. Blue Barn Wealth LLC now owns 7,203 shares of the e-commerce giant’s stock worth $765,000 after buying an additional 6,930 shares in the last quarter. Mitchell Capital Management Co. lifted its stake in shares of Amazon.com by 1,770.8% in the second quarter. Mitchell Capital Management Co. now owns 124,054 shares of the e-commerce giant’s stock worth $13,176,000 after buying an additional 117,423 shares in the last quarter. Heron Financial Group LLC lifted its stake in shares of Amazon.com by 1,682.9% in the second quarter. Heron Financial Group LLC now owns 9,913 shares of the e-commerce giant’s stock worth $1,053,000 after buying an additional 9,357 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 6,760 shares of the e-commerce giant’s stock worth $718,000 after buying an additional 6,422 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Wells Fargo & Company dropped their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Credit Suisse Group decreased their price objective on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a report on Friday, October 28th. JMP Securities decreased their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 28th. Finally, StockNews.com began coverage on shares of Amazon.com in a report on Wednesday, October 12th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.91.

Amazon.com Price Performance

AMZN stock opened at $86.14 on Thursday. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $115.09 and a two-hundred day simple moving average of $118.96. The firm has a market capitalization of $878.77 billion, a P/E ratio of 79.06, a price-to-earnings-growth ratio of 7.23 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the business earned $0.31 earnings per share. Amazon.com’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. Insiders sold 322,013 shares of company stock worth $15,858,230 over the last 90 days. 12.70% of the stock is owned by insiders.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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